GIFT EQUILIBRIA AND PARETO-OPTIMALITY RECONSIDERED

被引：1

作者：

KRANICH, L

机构：

[1] Departamento de Economía, Universidad Carlos III de Madrid, 28903 Getafe

来源：

JOURNAL OF ECONOMIC THEORY | 1994年 / 64卷 / 01期

关键词：

D O I：

10.1006/jeth.1994.1070

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Goldman (Gift equilibria and Pareto optimality, J. Econ. Theory 18, 1978, 368-370) demonstrated that the Second Welfare Theorem generally fails to hold in economies in which benevolent agents are permitted to make gifts. In this brief note, we point out that for the class of economies considered by Goldman, symmetry and a slight bias in favor of one's own consumption restore the Second Welfare Theorem.

引用

页码：298 / 300

页数：3

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